Integrated Investment Consultants LLC Sells 268 Shares of Entegris, Inc. (NASDAQ:ENTG)

Integrated Investment Consultants LLC cut its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 9.3% in the 3rd quarter, Holdings Channel reports. The firm owned 2,611 shares of the semiconductor company’s stock after selling 268 shares during the period. Integrated Investment Consultants LLC’s holdings in Entegris were worth $294,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Assenagon Asset Management S.A. raised its holdings in shares of Entegris by 1,076.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock worth $103,903,000 after buying an additional 844,837 shares in the last quarter. Principal Financial Group Inc. raised its stake in Entegris by 130.8% during the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after acquiring an additional 781,955 shares in the last quarter. Swedbank AB lifted its holdings in shares of Entegris by 249.7% in the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock worth $118,197,000 after acquiring an additional 750,000 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Entegris in the 2nd quarter valued at approximately $42,087,000. Finally, American Century Companies Inc. grew its holdings in shares of Entegris by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock valued at $206,326,000 after purchasing an additional 256,186 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts recently commented on ENTG shares. KeyCorp cut their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered their target price on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. BMO Capital Markets cut their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Finally, Citigroup lowered their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.40.

Entegris Stock Performance

Shares of ENTG stock opened at $107.24 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57. The business’s 50 day simple moving average is $107.09 and its 200 day simple moving average is $118.73. The stock has a market capitalization of $16.19 billion, a PE ratio of 71.02, a PEG ratio of 1.62 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. As a group, research analysts forecast that Entegris, Inc. will post 3.03 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Wednesday, October 30th. Entegris’s dividend payout ratio is 26.49%.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).